24 Terra Alta CtSioux CityIA51104
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Sioux City at 24 Terra Alta Ct, Sioux City, IA, 51104 priced at $119,000 converts $960/mo rent into after a $582/mo obligation. Total monthly income equals $960/mo. Return on cash invested prints 19.53% in year one, and rental yield reads 9.68% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 103.47% and total cumulative return in cash sums $40,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $582/mo payment, not borrower’s personal income.
Condo
Built in 1930
3,920 sqft lot
$N/A/sqft
$200 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Peggy La • RE/MAX Experience
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #826469
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.